KCB has adjusted its base lending rate to 19% making it the most expensive bank to borrow from.

This is what the big five are charging;

Barclays 14.75%
Co-op 16%
Stanchart 16.5%
Equity 18%
KCB 19%

Its worth noting that the banks still add a margin(risk premium) depending on the type of loan being advanced.

Double digit inflation, a weak currency in an importing economy, an election next year, a war in Somalia, food shortage and now this ????????

Can it possibly get any worse?